Listing Tools

Attention Investors! Check out this 7-unit Apartment Building with potential for great rental history. Building is being sold *AS IS* and most apartments are in need of rehabilitation. The building features two-1Bed/1Bath Apartments, four-2Bed/1Bath, and one 3-Bed/1Bath. Three of the 7 units are currently rented bringing in $1,500 a month--the owner lives in one of the apartments. Projected rent at the present rate on the vacant apartments is $525 per month totaling over $2,625 in monthly income (including current owner)! Possible projected rent would be $550 for the 1 bed apartments and $650 for the 2-bed apartments, and $750 for the 3-bed apartment. Total potential income would be $4,450 or $53,400 gross income yearly. Each apartment is separately metered for electric and heated with electric baseboard with the exception of apartment 7. Apartment 7 is gas heated and has had some updates. Water, sewer, & trash is an owner expense. Each unit has washer/dryer hookups. Unit 1 is ready to rent. Unit 5 is owner occupied and in need of updates. Units 6 & 7 are rented. Units 2, 3, and 4 are in need of trash removal and in need of rehabilitation. The building is in the floodplain. If financing is needed, Erie estimated $8,000/year flood insurance.

Property Details of 15701 Lower Georges Creek Road Sw

Property Details

Utilities and Appliances

Other Details

Map Location

Driving Directions

Courtesy of Coldwell Banker Premier

Listing Sold by EXP Realty, LLC

Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Dale Carpenter participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 13, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.